Nuveen Credit Strategies Income Fund (JQC) to Issue Monthly Dividend of $0.05 on May 1st

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.054 per share by the investment management company on Wednesday, May 1st. This represents a $0.65 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date is Friday, April 12th.

Nuveen Credit Strategies Income Fund has raised its dividend payment by an average of 29.3% annually over the last three years and has increased its dividend every year for the last 2 years.

Nuveen Credit Strategies Income Fund Trading Down 0.4 %

JQC stock opened at $5.54 on Wednesday. Nuveen Credit Strategies Income Fund has a twelve month low of $4.82 and a twelve month high of $5.65. The firm’s fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $5.22.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LM Advisors LLC purchased a new stake in Nuveen Credit Strategies Income Fund in the fourth quarter worth about $34,000. US Bancorp DE increased its holdings in Nuveen Credit Strategies Income Fund by 59.0% in the 4th quarter. US Bancorp DE now owns 7,018 shares of the investment management company’s stock worth $37,000 after buying an additional 2,603 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the 2nd quarter worth approximately $52,000. Lido Advisors LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the 1st quarter worth approximately $55,000. Finally, Kingsview Wealth Management LLC acquired a new stake in Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $60,000.

Nuveen Credit Strategies Income Fund Company Profile

(Get Free Report)

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments.

Further Reading

Dividend History for Nuveen Credit Strategies Income Fund (NYSE:JQC)

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